Mortgage Underwriter

4 weeks ago


Salt Lake, Utah, United States Intercap Lending, Inc Full time

At Intercap Lending, we're seeking a detail-oriented Mortgage Underwriter to join our team in assessing mortgage loan applications for approval. As a Junior Underwriter, you'll play a crucial role in reviewing borrower documents, evaluating risk factors, and ensuring compliance with lending guidelines.

Key Responsibilities:

  • Review and analyze borrower documents, credit reports, income verification, and other relevant information to assess loan eligibility.
  • Evaluate loan applications against company and investor guidelines to determine creditworthiness and risk levels.
  • Collaborate with loan processors, loan officers, and other teams to gather necessary documentation and information.
  • Communicate with internal and external stakeholders to clarify information and address inquiries.
  • Make recommendations for loan approvals, denials, or conditions based on underwriting analysis.
  • Ensure compliance with regulatory requirements and industry best practices in underwriting decisions.
  • Assist in maintaining underwriting documentation, records, and reports.
  • Stay updated on changes in underwriting guidelines and industry trends.

Requirements:

  • Bachelor's degree in finance, business administration, or related field is preferred.
  • 1+ years of experience in mortgage underwriting or related roles is a plus.
  • Solid understanding of mortgage underwriting principles and loan processing.
  • Proficiency in reviewing credit reports, income documentation, and borrower information.
  • Strong analytical and problem-solving skills.
  • Excellent attention to detail and accuracy in reviewing documents.
  • Effective communication and interpersonal abilities.
  • Ability to work efficiently in a fast-paced environment.
  • Familiarity with Encompass or other loan origination systems is a plus.


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